Economy

Expensive island villas of the world's richest 1%

Minh Phuong August 7, 2024 09:53

The assets of the world's richest 1% are concentrated in real estate, including island villas. In Vietnam, this product line is creating a trend, becoming the choice of the wealthy who prefer privacy because it is a legacy asset, the longer it is kept, the more valuable it becomes.

Island Villa- the choice of the super richin the world

Oxfam recently announced that the wealth of the richest 1% of the world's population has increased by a total of 42,000 billion USD in the past decade. The information was released ahead of the G20 financial leaders' conference in Rio de Janeiro (Brazil). According to Oxfam, this 42,000 billion USD figure is nearly 36 times higher than the wealth accumulated by the poorest 50% of the world's population.

According to the Wealth Report by real estate brokerage Knight Frank, in the past two years, the super-rich and their investment companies have continued to focus on pouring money into real estate, including island villas.

Around the world, many "billionaire islands" are home to the world's 1% richest people. For example, Indian Creek Village - a small island in Biscayne Bay in Miami-Dade County, Florida, USA. This place is known as "Billionaire's Bunker", home to only 82 residents, including billionaires and top artists in the world.

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Indian Creek Village - known as the "bunker" of billionaires. Photo: Forbes

In Florida (USA), the artificial island Fisher is less than 1 km in size.2, is home to the largest number of billionaires and millionaires per square meter.2This luxurious and comfortable oasis is guarded around the clock by an internal security organization, and can only be reached by yacht or helicopter.

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Fisher Island has the largest number of billionaires and millionaires per square meter.2Photo: TL

In Nigeria, the 1.63 km2 artificial island Banana2Lagos City is also known as the billionaires' paradise, gathering the most famous and richest families in the country...

In Vietnam, the launch of the island villa product line such as Ecopark Grand - The Island by the founder of Ecopark 5 years ago has changed the market taste. Ecopark Grand - The Island was built based on the inspiration from the majestic Palm Island model in Dubai, where all the villas are built on island branches jutting out in the middle of the bay, covered by multi-layered vegetation.

Designed by 5 of the world's leading architectural groups: Swan & Maclaren (Singapore), Humphrey & Partners (USA), WATG (USA/Singapore), Darkhorse (Australia) and DWP (Australia) with works reaching the level of wonders such as Raffles Hotel - Singapore's national monument, JW Marriott Resort & Spa in California, Ecopark Grand villas reach perfection in every small detail.

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Ecopark Grand Island Villa - The Island defines a quiet luxury lifestyle. Photo: MP

Being a closed, isolated villa area with 2 main entrances equipped with security booths with 24/24 thermal camera technology and intercom system between security guards and homeowners, Ecopark Grand - The Island owners can be completely assured of absolute safety and privacy when living here. However, according to many investors observing the Ecopark market, since being offered for sale, the number of villas transferred can be counted on the fingers.

“The value of each villa has increased by 300% after 5 years of being on sale. No one wants to sell their family-owned real estate. The longer they are kept, the more valuable they become, and once sold, it is difficult to buy them back. The owners of the villas here not only buy a place to live like a resort, but also want to live in an environment where their neighbors are people of the same class and class,” said Ms. Nguyen Thi Lien Dung - Director of TiTan Luxury Real Estate Services Co., Ltd.

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A living space that is more than a resort at the villas on Ecopark Grand Island - The Island. Photo: MP

After Ecopark Grand - The Island, the market has seen a number of other projects developed in the island villa model such as Hai Phong Island or Thu Duc (HCMC). The common point of these island villas is the design that ensures high privacy, 24/7 security system, only allowing guests to enter when the homeowner agrees. The owners of the island villas are business owners, young entrepreneurs, F2 generation of prestigious families in Vietnam...

Central Island - the first island villa to appearin Vinh city

Creating a trend and developing island villas - expensive houses for those who want to live privately, recently the founder of Ecopark continued to introduce to the market the Central Island villa subdivision located in the large green park Eco Central Park (nearly 200 hectares wide, in Vinh City, Nghe An Province).

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House in the middle of the island, island in the middle of the green forest Central Island. Photo: MP

Central Island is located in the center of the project, not only enjoying the entire green utility system of the entire area but also has superiority in terms of living space with a construction density of only 18%, green tree density of 150 trees/person, surrounded by green trees and flowing water.

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The surrounding water surface brings fresh, cool air to the entire island villa area. Photo: MP

“With 4.5 hectares of naturally circulating water flowing through, we also created 3 layers of water flowers combined with 5 layers of ground trees so that each resident's window frame is a beautiful picture. Moreover, 100% of the villas are located in a closed subdivision, with a garden area of ​​up to 100m22"In front of the house is a garden, behind the house is a park with poetic walking paths, each house is like lying in the middle of a green oasis," said Mr. Nguyen Van Son, representative of the founder of Ecopark.

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5 layers of ground trees and 3 layers of water flowers create a unique landscape highlight for Central Island. Photo: MP

According to experts, with a special design with the advantage of large area and 21 years of experience in developing green real estate from the investor, the Central Island villas will become the center of attention, bringing a breath of fresh air into the Nghe An real estate market, becoming the choice of the community with taste, preferring privacy, enjoying life right in their own home every day.

According to observations and assessments of experts, the value of each house that the elite aim for is also isolation, privacy, luxury but still shows the owner's class.

With Central Island villas, homeowners can welcome guests, partners, and relatives in a private, safe space with a system of 4 security checkpoints, ready to support 24/7 and only allowing strangers to enter and exit with confirmation and consent from the owner.

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Modern four-season swimming pool located in the 3,000m Wellness Clubhouse complex2.

In the private, isolated space of a closed subdivision, the owner and his relatives can still use all the high-class amenities when the investor designs exclusive amenities for a limited community of residents, including the 3,000m2 Wellness Clubhouse complex.2, Eco Central Park's first four-season swimming pool, luxury restaurants, a theme park system that stimulates exercise for all ages and family members to improve physical and mental health.

Minh Phuong